Octopus Tracker removal of fixed end dates for Nov 2022 v1

QrizB

MultiFuelBurner said:

SAC2334 said:

It would be very unfair unless we all went on the rates which I believe will be same as Dec 23.
 They re not bad being 11 % rise on electric and 8 % on gas, so I m happy as we will all still be on the cheapest posssible available rates most of the time in the UK if we carry on  like last year with not one day over Flexible rates.

Sadly it's not 11% for all regions for electricity have you checked yours?

Aren't the changes a fixed value, so not a straightforward %?

In my region it was:

South England
Electricity unit charge: (W * 1.1846) + 7.3355 p per kWh
Gas unit charge: (W * 0.03604) + 1.3144 p per kWh

And is / will be:

South England
Electricity unit charge: (W * 1.1846) + 9.7767 p per kWh
Gas unit charge: (W * 0.03604) + 1.4978 p per kWh

So the wholesale multiplier hasn't changed, but electricity is ~2.44p/kWh more expensive, and gas ~0.18p/kWh.

You can't calculate a meaningful % increase without assuming a wholesale price.

cm4ever

@QrizB indeed it is only the final fixed element of the formula that has been increased by the Octopus notified % increase, which differs per fuel type.

MultiFuelBurner

QrizB said:

MultiFuelBurner said:

SAC2334 said:

It would be very unfair unless we all went on the rates which I believe will be same as Dec 23.
 They re not bad being 11 % rise on electric and 8 % on gas, so I m happy as we will all still be on the cheapest posssible available rates most of the time in the UK if we carry on  like last year with not one day over Flexible rates.

Sadly it's not 11% for all regions for electricity have you checked yours?

Aren't the changes a fixed value, so not a straightforward %?

In my region it was:

South England
Electricity unit charge: (W * 1.1846) + 7.3355 p per kWh
Gas unit charge: (W * 0.03604) + 1.3144 p per kWh

And is / will be:

South England
Electricity unit charge: (W * 1.1846) + 9.7767 p per kWh
Gas unit charge: (W * 0.03604) + 1.4978 p per kWh

So the wholesale multiplier hasn't changed, but electricity is ~2.44p/kWh more expensive, and gas ~0.18p/kWh.

You can't calculate a meaningful % increase without assuming a wholesale price.

Yep correct but didn't want people on tracker thinking it was a fixed 11% and 8% for all.

I struggle with the difference now though as the gap is greater between areas on the new formula. Surely it's not costing Octopus 4p difference between Yorkshire and London per kWh or is it? (Perhaps someone more learned than myself can explain that one)

MultiFuelBurner

SAC2334 said:

MultiFuelBurner said:

SAC2334 said:

It would be very unfair unless we all went on the rates which I believe will be same as Dec 23.
 They re not bad being 11 % rise on electric and 8 % on gas, so I m happy as we will all still be on the cheapest posssible available rates most of the time in the UK if we carry on  like last year with not one day over Flexible rates.

Sadly it's not 11% for all regions for electricity have you checked yours?

As an example 

London today Nov 2022 v1 17.45p
London today Dec 2023 v1 21.36p

I think that's something in the region of 22.5% increase?

I haven't checked all regions but that one stood out.

Just checked the following

East of England appears to be a 18.75% increase 17.89 compared to 21.24p

I don't know about gas as we don't have it but I suggest people check their regions as we have found those with the highest increases on the new formula may mean Agile (without any load shifting) is infact cheaper than Tracker December 2023 v1 as Agile is still on its original formula.

Gastracker.uk is easy to use to see the difference in prices and regions and versions.

I accept my calculations may be wrong it is after all cheese and wine time.

Someone checked Dec 23 against Nov22 and said it was 12 % electric and 9 % gas of the two figures I produced . I am in one of the cheaper regions of Yorkshire .Octopus said it would an average of 11% and 8% gas .Your figure are way over those . I ll do a few of my own .Wine time for me too so I will  check tomorrow .
Nov 22 today is 4.48 gas 
Dec 23 is 4.86 ..= 8.4  %  rise  and electrics is 17.58 p nov 22 .  19.68  p Dec 23 = 11.94 5% rise 

Everyone move to Yorkshire? Lol

bristolleedsfan

Today, Tracker Dec 2023 v1  London NW10 - 21.43p kWh     Yorkshire LS10  19.58p kWh

Standing Charge London 36.53p day                                       Yorkshire            53.95p day

Flexible                London  29.73 p/kWh                                    Yorkshire           27.79 p/kWh


Reason for bigger London tracker version kWh increase, London tracker previously had cheapest SC as well as one of the cheapest kWh rates, current tracker version London kWh rate more in line with flexible regional differential.

vic_sf49

I've never had an end date, and still don't. (Nov 2022 v1 for gas and electric.)

Joined tracker on 25 Jan 2023, so I thought I might have had an email* about what happens at the anniversary of joining it, even though I had no end date.

* Especially with them changing the formula for new joiners, and info that it'll change for everyone at some point. 

So I shall sit and wait. I'm happy to stay on that version. 

alanwsg

If you do have an 'end date', where does it appear.
I joined tracker early December last year.
I've looked all over the App and the Website and I don't see a date anywhere.

t0rt0ise

vic_sf49 said:

I've never had an end date, and still don't. (Nov 2022 v1 for gas and electric.)

Joined tracker on 25 Jan 2023, so I thought I might have had an email* about what happens at the anniversary of joining it, even though I had no end date.

* Especially with them changing the formula for new joiners, and info that it'll change for everyone at some point. 

So I shall sit and wait. I'm happy to stay on that version. 

I doubt you'll hear until they decide to move us all to the latest version. I joined tracker on 10th January last year with no end date and have heard nothing.

QrizB

alanwsg said:

If you do have an 'end date', where does it appear.
I joined tracker early December last year.
I've looked all over the App and the Website and I don't see a date anywhere.

It'll say on your account home page on the website.

There are/were examples posted as screenshots on the big "Octopus Tracker" thread; here's one of them:

https://forums.moneysavingexpert.com/discussion/comment/79878531/#Comment_79878531

BellaBlondykeTheThird

I have opened up a discussion about this with Octopus.